That is good news! I have a 10 yr old car...and it's a bit problematic at times, and I'd love to eventually get a almost new car...but I promised myself to hang onto it until I pay off my debt or it completely stops running whichever comes first.
It's such a nice feeling to not make car payments. The trick is to use that former car payment either as savings for a future car purchase, debt reduction if you have other debts or split it between your preferred categories. Whatever you do, just don't let your car payment be absorbed into your spending without a plan.
I am super lucky in that my car is a 2006 and is paid off (thanks to A LOT of hard work and a few graduation gifts) Owning your own car is such a great feeling.
I also like your car payment plan! Its so important to figure out where the extra money goes, otherwise it justs gets "lost" somewhere.
Good job!
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
That is good news! I have a 10 yr old car...and it's a bit problematic at times, and I'd love to eventually get a almost new car...but I promised myself to hang onto it until I pay off my debt or it completely stops running whichever comes first.
It's such a nice feeling to not make car payments. The trick is to use that former car payment either as savings for a future car purchase, debt reduction if you have other debts or split it between your preferred categories. Whatever you do, just don't let your car payment be absorbed into your spending without a plan.
Kassandra
"It is said that life has its peaks and valleys.
Kassandra
"It is said that life has its peaks and valleys. The challenge is to accept them equally and experience them
Congratulations!!!
Congratulations!!!
I am super lucky in that my car is a 2006 and is paid off (thanks to A LOT of hard work and a few graduation gifts) Owning your own car is such a great feeling.
I also like your car payment plan! Its so important to figure out where the extra money goes, otherwise it justs gets "lost" somewhere.
Good job!
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
Bex -
All my best,
Danni
Rebecca, that is great...it will be fun counting down 90 days!